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Life reinsurance and insurance holding company Monument Re Ltd has announced the signing of an agreement to acquire GreyCastle Holdings Ltd and its subsidiaries, including GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services. GreyCastle is d...

One of Bermuda’s leading insurance industry bodies has praised the “decisive and compassionate actions” of the Government under the leadership of David Burt, during the Covid-19 pandemic. It has also donated from its contingency fund to the Bermuda H...

Bermudian re/insurer Argo Group International Holdings Ltd is to hold its annual general meeting in a virtual format next month. The decision to move away from an in-person meeting was prompted by moves to slow the spread of Covid-19, which include r...

Three US state legislatures are considering legislation aimed at forcing insurers to cover pandemic-related business interruption losses — overriding exclusions in policies. Should such legislation be applied all over the US, the insurance industry w...

LONDON (Reuters) — Delaying the Olympics is likely to cost insurers much less than cancelling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say. The ...

Global specialty re/insurer Canopius Group Ltd has acquired a majority stake in Bermudian-based specialty reinsurance group MultiStrat Holdings Ltd. MultiStrat will continue to operate autonomously and will retain its brand, the company said. Michael...

The common shares of Bermudian-based specialty commercial insurer International General Insurance Holdings Ltd started trading yesterday on the Nasdaq Capital Market under the symbol “IGIC”, the company announced. On Tuesday, IGI announced the succe...

Aspen Insurance Holdings Ltd reported a net after-tax loss of $241.7 million for last year, driven by costs related to the acquisition of the company by funds managed by private-equity firm Apollo Global Management. Mark Cloutier, executive chairman ...

Foundation Platform Technologies in partnership with Treefrog Consulting Ltd has officially launched their ILS and Reinsurance deal pricing and roll-up platform called Foundation. In a statement, the companies said: “Our team has been working to prov...

Bermudian-based International General Insurance Company Ltd has been granted provisional approval by the National Association of Insurance Commissioners to begin writing US excess and surplus lines business effective April 1. The approval is pending ...

Legal & General Re turned a profit of $578 million in 2019 — impressive for a company that set up in Bermuda with a couple of employees just five years ago. The company, a subsidiary of the UK-based Legal & General Group, is a member of Bermuda’s boo...

Blue Capital Reinsurance Holdings Ltd intends to delist itself from the New York Stock Exchange and the Bermuda Stock Exchange. The voluntary delisting is part of Blue Capital’s previously announced decision to cease active operations and pursue an o...